UBS reported its first-quarter earnings on Wednesday, posting a net profit that exceeded analyst estimates. The rise in profit was driven by a jump in investment-banking revenue, which helped lift the group's top and bottom lines.
The results were bolstered by record trading revenues amid market turbulence triggered by the war in the Middle East.
Meanwhile, UBS Group AG's wealth-management business in the Americas showed tentative signs of revival after a period of client fund outflows and departures by key staff.
Following the quarterly profit surge, the bank confirmed its intention to add to the $3 billion tally of share buybacks planned for this year.